Cheyenne Corp. purchased factory equipment with an invoice price of $80,300. Other costs incurred were freight costs, $1,340; installation wiring and foundation, $2,470; material and labor costs in testing equipment, $700; oil lubricants and supplies to be used with equipment, $500; fire insurance policy covering equipment, $1,740. The equipment is estimated to have a $6,000 salvage value at the end of its 8-year useful service life.

Compute the acquisition cost of the equipment.

Acquisition cost of the equipment: $_____